Latest Projects By Meraas
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Meraas Holding in Dubai
Meraas Holding is a renowned private company headquartered in Dubai specializing in various projects and real estate development. Established in 2007, Meraas has become one of Dubai’s leading real estate companies. The company’s commitment to innovation has made it stand out by integrating Arabic and European styles in its groundbreaking projects, including City Walk, The Beach, La Mer, and the Outlet Village.
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Led by Sheikh Ahmed bin Saeed Al Maktoum, Meraas Holding has contributed significantly to Dubai’s development in various sectors such as real estate, hospitality, leisure, and food. The company’s portfolio of projects, including Jumeirah Bay, Bluewaters Island, and Dubailand, is impressive. Meraas’ focus on luxury residences and hotels in Dubai’s most desirable areas has earned it a reputation as one of the UAE’s most dependable developers.
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Pioneering Excellence in Dubai Real Estate
Over the years, Meraas Properties has meticulously crafted more than 80 million square feet of residential and commercial real estate in Dubai, including retail spaces and 3,500 residential units. Meraas’ efforts are driven by a desire to improve the lives of Dubai residents through the integration of cutting-edge technologies.
Meraas Holding’s most desirable properties, such as its luxury residences and hotels, are proof of the company’s unwavering commitment to innovation and excellence. Meraas Holding, as a subsidiary of Dubai Holding, is poised to consolidate services, diversify Dubai’s economy, and expand its global influence.
Featured Communities
CITY WALK
BLUEWATERS ISLANDS
Port De La Mer
Madinat Jumeirah Living
Pearl Jumeirah
Jumeira Bay
The Multibillion-Dollar Bluewaters Island Project
Bluewaters Island is a prestigious multibillion-dollar project that boasts the world’s largest Ferris wheel, Ain Dubai, and the renowned Madame Tussauds Museum of Wax Figures.Â
Port De La Mer – An Exclusive Artisanal Community
Port De La Mer is an exclusive artisanal community situated in Jumeirah 1. This luxurious low-rise residential complex features Mediterranean-style architecture and offers a premium seaside living experience, with access to a marina accommodating 190 yachts and a private beach that provides breathtaking views of the Pearl Jumeirah.Â
Bvlgari Resort & Residences Dubai – Luxury Resort-Style Living
Dubai’s Bvlgari Resort & Residences is the epitome of luxury resort-style living. This project, developed in collaboration with the world-renowned international brand Bulgari, redefines luxury and sets a new standard for opulence.Â
Cherrywood Townhouses – A First-Class Gated Community
Cherrywood Townhouses is an elite gated community that provides a premium lifestyle experience. The community boasts private landscaped terraces, family parks, swimming pools, fitness clubs, and an array of other amenities that elevate the living experience to new heights.
Nikki Beach Residences – The Premium Beachfront Experience
Experience the ultimate beachfront lifestyle with a wide range of apartments to choose from, ranging from one to five bedrooms, each with premium amenities. City Walk, established in 2013, has become one of the most sought-after destinations in Dubai, providing locals and tourists alike with an unparalleled shopping and dining experience.Â
Meraas, since its inception, has been shaping Dubai with luxurious developments and continues to do so today. Its innovative projects have gained international acclaim, making Dubai a modern and appealing destination for both tourists and investors.Â
Besides leisure projects, Meraas has also expanded its horizons to residential and commercial real estate, aiming to raise construction standards and create uniquely comfortable living spaces. Meraas’ real estate projects offer an exceptional living experience, ranging from breathtaking views to convenient locations and private areas for sports and leisure activities.
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The Economic Allure of Meraas Properties
Investing in properties developed by Meraas can prove to be a wise decision for buyers and investors alike. Meraas offers a diverse range of exclusive properties, including luxury apartments and penthouses, located in some of Dubai’s most prestigious developments such as Port De La Mer and Bluewaters Residence. What sets Meraas apart from other developers is its reputation as an industry stalwart, having earned global recognition for its stability and excellence.Â
Meraas has formed strategic alliances with Carnival Corporation and Caesars Entertainment Corporation, which help to make Dubai an even better place to live. The partnership with Carnival Corporation has led to the development of a Dubai Cruise Terminal, which will transform the city into a major maritime tourism hub. On the other hand, the partnership with Caesars Entertainment Corporation has resulted in the development of various Bluewaters projects, such as hotels, a beach club, and a conference center.
Meraas also demonstrates its commitment to enhancing Dubai’s appeal through key infrastructure developments such as the Dubai Water Canal. This canal is the result of a collaboration between Meraas, Meydan, and the Dubai Roads and Transport Authority. Another example of Meraas’ collaboration is the Dubai Hills Estate, which was developed in partnership with Emaar Properties. In addition, Meraas’ diversity and dedication to excellence can be seen through its joint venture with Rove Hotels.
Dubai’s robust economy and stable housing prices further enhance the attractiveness of investing in Meraas properties. These investments promise a high return on investment with an annual ROI ranging from 6% to 9%. Buyers of off-plan properties from developers such as Meraas benefit from flexible payment plans and lower prices compared to finished properties. Additionally, as construction progresses, real estate prices typically rise, allowing investors to increase their capital when reselling their chosen properties.
- Port De La MerÂ
- Bluewaters Residence
- La Sirène
Popular Projects by Meraas
Meraas, a renowned real estate developer in Dubai, offers an impressive portfolio of properties that cater to diverse needs. Whether you are looking for a personal residence or an investment opportunity, Meraas has got you covered. Their developments are strategically located to complement Dubai’s growth and charm, making them highly attractive to buyers and renters alike.
Bluewaters Residences
Among Meraas’ notable projects is the Bluewaters Apartments on Bluewaters Island. This development boasts a range of 1 to 4-bedroom apartments, along with select 5-bedroom penthouses and 4-5-bedroom townhouses. Each unit offers breathtaking views of the sea, Ain Dubai, Dubai Marina, gardens, or beautifully lit boulevards. The location of Bluewaters Residences near Dubai Marina and with direct access to Sheikh Zayed Road provides easy access to downtown Dubai in just 20 minutes.
Bluewaters Residences is an excellent investment opportunity for individuals and families seeking a personal residence or rental income. The prices of the properties vary, with a 1-bedroom apartment starting at AED 2.3 million (USD 640,000), a 9,405 sq.ft. penthouse costing AED 27 million (USD 7.35 million), and a 6,531 sq.ft. five-bedroom townhouse priced at AED 17 million (USD 4.63 million). These properties have been available for rent since their completion in 2019, with prices starting at AED 130,000 (USD 36,000) per year. With a 5% annual return on investment in the real estate sector, investing in Bluewaters Residences holds great growth potential.
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Port De La Mer
Port De La Mer in Jumeirah 1 is a highly sought-after residential complex that offers a luxurious seaside lifestyle with access to a marina for 190 yachts and a private beach with stunning views of the Pearl Jumeirah. The Mediterranean-inspired architecture and premium amenities such as private landscaped terraces, family parks, swimming pools, fitness clubs, 4 and 5-star hotels, restaurants, cafes, and leisure facilities make this development an ideal destination for those seeking a high-end living experience. With six phases, each offering residences with distinctive premium amenities ranging from one to five bedrooms, residents can find the perfect fit for their needs. The starting price for a one-bedroom apartment is AED 1.4 million (USD 381,000), providing an exceptional living experience.Â
La Sirène
La Sirène, the newest addition to Port De La Mer, offers beachfront living inspired by the Mediterranean with stunning marina views and a range of apartment sizes, including the option of a six-bedroom penthouse. Meraas is expected to finish this project by Q1 2024, offering a payment plan divided into six installments, with an initial 10% payment upon booking. With Meraas’ portfolio of diverse and exciting real estate offerings, there is something for everyone, whether you seek a peaceful seaside home, a vibrant city apartment, or a profitable investment opportunity.
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FAQ
Most frequent questions and answers
What is the property market trend in UAE?
The UAE’s real estate sector contributes around 5.5% of the GDP of the country, and it has been on the rise since 2022 as both rental rates and home prices have increased. Dubai’s transaction volume reached its highest level for the first quarter ever observed in the area in the first quarter of 2022.
What are the main types of investment properties in Dubai?
In Dubai, investors can choose between villas, apartments, townhouses, penthouses, duplexes, and plots and lands.
What are the main areas for foreigners to buy property in UAE?
In Dubai, there are specific zones where foreigners can purchase real estate. These locations, such as the Palm Jumeirah, Downtown Dubai, Dubai Marina, Arabian Ranches, and Jumeirah Beach Residence, are decided upon by the Ruler of the Emirate of Dubai.
Can I live in Dubai if I buy a property?
Real estate purchases in Dubai may result in the buyer receiving a residence permit. The property must be finished at the time of purchase and worth at least AED 1 million to qualify for the UAE investor visa program. Dependents may also be sponsored by real estate purchase residence visa holders.
What is the future of real estate in the UAE?
The real estate industry in the UAE is anticipated to increase by 2.97% between 2023 and 2028, reaching a market volume of US$0.80 trillion by that year. The important characteristic that makes the UAE a desirable location for real estate investment is what is driving this expansion.
How to invest in UAE real estate?
Here are some tips to invest in UAE real estate:
- Know About Different Property Types and Their Worth
- Research the Market Status and Risks
- Property Investment in Dubai
- Don’t Sacrifice Location
- Choose Areas with High Rents and Demand
- Spend Time in the Area
- Luxury Property Buyers Should Have Financial Resources
- Investing in Residential Properties Offers Shortcuts for Legal Residency
- Seek Expert Advice When Investing in Dubai Real Estate
Can foreigners invest in real estate in Dubai?
Yes, foreigners are permitted to purchase real estate in the UAE. There are, however, certain geographical limitations. Citizens of the UAE or the Gulf Cooperation Council (GCC) may buy real estate anywhere in Dubai.
Is there a property tax in Dubai?
There is no taxation on owning properties in Dubai.
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